HS2 Project Criticized for Soaring Costs and Poor Value

A recent report slams the HS2 rail project for its escalating costs and questionable value, as MPs question the government's financial justifications.

The Commons Public Accounts Committee criticizes the HS2 project for poor value and escalating costs, particularly after the cancellation of its northern extensions.
MPs question the government's justification for continuing the HS2 project despite its high costs and the decision to cancel extensions to key northern cities.
The final bill for completing the HS2 line is expected to rise to £67 billion, driven by inflation and the cancellation of planned extensions.
There are concerns about the ability to secure private finance for the project, with no progress reported five months after the government's announcement.
The decision to cancel the northern leg of HS2 has sparked controversy and raised questions about the project's impact on UK's rail infrastructure.